Argentine central bank tries to halt peso’s slide

Peso falls after primary election results come as blow for President Macri

Central Bank of Argentina
Central Bank of Argentina
Banco Central de la República Argentina

Argentina’s central bank has reportedly intervened in foreign exchange markets for the first time in almost a year, as the country’s currency fell drastically.  

The peso tumbled after president Maurico Macri faced a heavy defeat to populist opponent Alberto Fernández in the primary election on August 11. Fernández is the presidential candidate of the Justicialist Party, with former president Cristina Fernández de Kirchner as his running mate.

The election serves as a gauge of public opinion

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